【$SLX Signal】4H bullish trend continues, 1H intraday washout followed by long entry

$SLX RSI 4H soared to 77, buying momentum shows no exhaustion. 1H funding rate 0.0145%, cost of going long rises but OI stable, longs haven't exited. 4H MACD histogram narrowing, but fast and slow lines still rising. 1H MACD death cross but price didn't drop deeply, buying actively absorbing near 0.40. Price clinging to upper Bollinger Band, short-term volatility intensifies, but 4H ascending channel intact.

🎯Direction: long

⚡Entry/Limit order: 0.4061080 - 0.4073300

🛑Stop loss: 0.3869635

🚀Target 1: 0.4378798

🚀Target 2: 0.4531546

🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, auto exit to protect principal.

Deep logic: High-level oscillation washes out weak hands, 1H long lower wick probes bottom then rebounds, indicating strong buying support below. 4H volume has shrunk but not to a peak volume decline, current risk-reward ratio is about 1.5, limited retracement space. High funding rate is a concern, but no large-scale long liquidation. More inclined to believe that whales are using momentum to push a second wave.

View real-time quotes 👇 $SLX

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